STANDSTILL AGREEMENT（共9页）5400字.docx

STANDSTILL AGREEMENT（共9页）5400字.docx

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STANDSTILLAGREEMENT

　　thisagreementismadeasofthis_________,_________,_________（m/d/y）,betweenaaainc.andallitsdomesticsubsidiariesandaffiliates（'aaa'）andtheinformalcommitteeofunsecuredcreditorsofaaa（the'committee'）.

　　witnesseth

　　whereas,on_________,_________,_________（m/d/y）（the'committeeorganizationdate'）,thecommitteeorganizeditself,attherequestofaaa,andasinitiallyorganizediscomprisedofthefollowingcompanies:

bbb,inc.ccc,ddd,inc.,eeecompany,fff,llc,ggg,pacificassetmanagement;and

　　whereas,thecommitteehasadvisedaaathatithasretainedtheservicesofhhhllp（'tb&f'）asitscounsel;and

　　whereas,aaaisdesirousofenteringintoanoutofcourtcomposition,extensionorotheracceptableagreementprovidingforthetreatmentofitsoutstandingclaims（the'compositionagreement'）andfurther,aaahasagreedtoallowthecommitteeareasonableperiodoftimetoconductsuchduediligenceasitmayrequiretodeterminethefeasibilityandadvisabilityofenteringintosuchacompositionagreement（the'standstillperiod'）,and

　　whereas,otherthanasprovidedinparagraph2ofthisagreement,aaahasagreedthatduringthestandstillperioditshallmakenopayments,transfersorreturnsofmerchandiseonaccountofanyitsdebtsorobligationstoanyonethataroseoraccruedpriortothedateofthisagreement,withoutthewrittenconsentofthecommittee.

　　nowtherefore,forvaluableconsideration,includingtheforbearanceofeachcommitteemember,thepartiesherebyagreeasfollows:

　　1.thisagreementshallremainineffectandshallterminateontheearlierof:

（a）5:

00p.m.（pacifictime）on_________,_________,_________（m/d/y）;（b）thecommitteeandaaaagree,inawritingexecutedinthesamemannerasthisagreement,tomodify,replaceorterminatethisagreement;（c）aaadefaultsunderorotherwiseviolatesthetermsofthisagreementandthecommitteeterminatesthisagreementoranorderforreliefunderthebankruptcycodeisenteredagainstaaaoranassignmentforthebenefitofcreditorsisexecutedbyaaa（collectively,the'terminationdate'）.

　　2.duringthestandstillperiod,aaashallmakenopayments,transfersorreturnsofmerchandiseonaccountofanyofitspastduedebtsasofthedateofthisagreementincluding,butnotlimitedto,goodsormerchandisethatwereshippedordeliveredpriortothedateofthisagreement;providedhowever,duringthestandstillperiod,aaashallusefundstomaintainitsexistingoperationssubstantiallyinaccordancewithabudgettobeagreedupon.

　　3.duringthestandstillperiod,aaashallconductitsbusinessintheordinarycourseandshalltakenoaction,withoutthepriorwrittenconsentofthecommitteeandsellorotherwisetransferitsassets,includinginventory,viabulksale（s）orotherwise,outsideoftheordinarycourseofitsbusiness.

　　4.subjecttotheseparateletteragreement,aaawillpaythereasonablefeesandexpensesincurredbythecommittee'sprofessionalsduringtheperiodbetweenthecommitteeorganizationdateandtheterminationdate.contemporaneouslywiththeexecutionofthisagreement,aaawillwiretransfer$,_________totb&f.attheconclusionofthestandstillperiod,tb&fshallprovideaaa,anditscounsel,withabillingstatementsettingforththeidentityofeachtb&fprofessionalwhohasperformedservicesforandonbehalfofthecommittee,theratechargedbyeachsuchprofessional,andtheaggregatetimespentbyeachfortheserviceprovided.tb&facknowledgesthatduringthestandstillperiodnolegalservicesshallbeprovidedforanyindividualcommitteememberoronbehalfofanyotherentityotherthanthecommitteeinconnectionwithaaaand/orthisagreement.tb&fwillalsoforwardcopiesoftheexpensesincurredbythecommitteemember.

　　5.duringthestandstillperiod,andsolongasaaahascompliedwithallofitsobligationsunderthestandstillagreement,themembersofthecommitteewill（a）forebearfromexercisingsuchrightsastheymayhaveagainstaaaforpaymentorcollectionofsumsthatmaybeduetothem,and（b）eitherjointlyorindividually,forebearfromparticipatinginthefilingofaninvoluntarybankruptcyproceedingorstatecourtreceivershipagainstaaa.suchforbearanceisnotawaiverofanyportionoftheclaimsofanycommitteemember.

　　6.thisagreementdoesnotcreateajointventureorcreateapartnershipbetweentheparties.

　　7.thisagreementconstitutestheentireagreementbetweenthepartieswithrespecttothesubjectmatterhereof.allprioragreementsandunderstandingsaremergedhereinandtherearenooralunderstandingsapartformthetermsofthisagreement.thisagreementmaybealtered,amendedormodifiedonlybyawritteninstrumentsignedbyallpartiestothisagreement.

　　8.thisagreementandanyissuesarisinghereunderwillbegovernedbythelawsofthestateofcalifornia.

　　9.thisagreementmaybeexecutedinoneormorecounterparts,includingfacsimiletransmittals,eachofwhichshallbedeemedanoriginal,andallofwhichshallconstituteoneandthesameagreement.

　　inwitnesswhereof,thepartiesheretohaveenteredintothisagreementthedayandyearfirstabovewritten.

　　aaainc.

　　by:

/s/_________

　　title:

__________

　　printedname:

___

　　bbb

　　by:

_____________

　　committeemember:

______

　　company:

______________

　　printedname:

__________